Planning Test

Result

Planning Test - 38

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following executes strategy into everyday executions tactics?

A
Goal setting

B
Technical planning

C
Operational planning

D
None of the above
Question 2
1 / -0

An opportunity assessment plan includes the following?

A
A description of the product or service

B
An assessment of the opportunity

C
An assessment of the entrepreneur and the team

D
All of the above
Question 3
1 / -0

_______ is the process of conducting programs (activities needed to accomplish plan), budgets (cost of the programs), and procedures (sequence of steps needed to the job).

A
Strategy formulation

B
Strategy implementation

C
Both (A) and (B)

D
Neither (A) nor (B)
Question 4
1 / -0

Which of the following strategy focuses on issues of production processes, material, etc?

A
Operation Strategy

B
Business Unit Strategy

C
Corporate Strategy

D
Marketing Strategy
Question 5
1 / -0

The term budgetary period relates to:

A
A specific year for which the budget has been prepared

B
The period for which the budget is prepared

C
The period in which the budget is finalized

D
The subdivisions of the main budget

Solution

Budgetary period is the period for which the budget is prepared. It can be a quarter, semi annual or annual (which is more common) time period, however, there is no restriction on it.
Question 6
1 / -0

Which budget specifies the estimated quantity and cost of material during different volumes of production?

A
Working Capital Budget

B
Material Budget

C
Production Budget

D
Cash Budget
Question 7
1 / -0

A key characteristic of strategic decisions is ______________________-.

A
they are likely to be concerned with, or affect, the long-term direction of an organisation.

B
they are normally definite decision about the future of the organization.

C
they identify, specific areas of strategic interest for the management of an organization.

D
they result in better organizational performance.
Question 8
1 / -0

In additional goal setting, the goals are set at the top level of management and after that they:

A
Become the responsibility of first-time management

B
Are broken down into sub goals for each level of the organization

C
All the efforts to achieve the goals are directed by top management

D
Are delegated to the next lower level to be achieved.
Question 9
1 / -0

The definition of planning which suits the most is

A
Setting an organization's objectives and the means of reaching them

B
Giving employees skills and knowledge

C
An integrated process in which plans are formulated, carried out and controlled

D
To find the core activity of planners and planning departments
Question 10
1 / -0

A ________ is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.

A
mission statement

B
business plan

C
budgetary plan

D
transformational process

User

Question Analysis

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Re-Attempt Weekly Quiz Competition

Planning Test - 38

Result

Planning Test - 38

Score

-

Rank

-

SHARING IS CARING

Question 1

Goal setting

Technical planning

Operational planning

None of the above

Question 2

A description of the product or service

An assessment of the opportunity

An assessment of the entrepreneur and the team

All of the above

Question 3

Strategy formulation

Strategy implementation

Both (A) and (B)

Neither (A) nor (B)

Question 4

Operation Strategy

Business Unit Strategy

Corporate Strategy

Marketing Strategy

Question 5

A specific year for which the budget has been prepared

The period for which the budget is prepared

The period in which the budget is finalized

The subdivisions of the main budget

Solution

Question 6

Working Capital Budget

Material Budget

Production Budget

Cash Budget

Question 7

they are likely to be concerned with, or affect, the long-term direction of an organisation.

they are normally definite decision about the future of the organization.

they identify, specific areas of strategic interest for the management of an organization.

they result in better organizational performance.

Question 8

Become the responsibility of first-time management

Are broken down into sub goals for each level of the organization

All the efforts to achieve the goals are directed by top management

Are delegated to the next lower level to be achieved.

Question 9

Setting an organization's objectives and the means of reaching them

Giving employees skills and knowledge

An integrated process in which plans are formulated, carried out and controlled

To find the core activity of planners and planning departments

Question 10

mission statement

business plan

budgetary plan

transformational process

User

Question Analysis

My Perfomance

Score

-

Rank

-

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